New Jersey Savings Bank reports earnings for Qtr to March 31

Published: May 5, 1988

*3*** COMPANY REPORTS **

*3* New Jersey Savings Bank

Qtr to March 31

1988

1987

Net inc

853,000

b838,000

Per share

.32

-

b-Included $364,000 in gains from the sale of a prospective branch site and sale of mortgage-backed securities and common stock.
There are no per share earnings for the year-ago period because the bank converted to stock form of ownership on Aug. 4, 1987 from a mutual.